Diamonds Face Lasting Period of Depressed Prices, Botswana Warns

Botswana is resigned to a prolonged period of weak diamond prices with serious implications for the budget of the southern African nation, where the gems are a vital source of income.

The Finance Ministry warned that mineral revenues could end the 2025-2026 financial year at just 10.3 billion pula ($744 million), less than half of the 25.3 billion pula historic average.